US Justice Department approves Paramount Skydance's acquisition of Warner Bros Discovery
The US Department of Justice has approved Paramount Skydance's $111 billion acquisition of Warner Bros Discovery, concluding an eight-month antitrust review. The department stated the merger was "not likely to harm competition or American consumers."
The US Department of Justice has approved the acquisition of Warner Bros Discovery by Paramount Skydance, paving the way for the creation of a new media and cinema giant. The $111 billion merger received authorization on Friday, June 12, after an eight-month antitrust investigation. The Justice Department's antitrust division concluded that the transaction was "not likely to harm competition or American consumers," thereby allowing the conglomerate Paramount Skydance to proceed with its purchase of the Hollywood studio. This decision marks a significant development in the entertainment industry, consolidating major film and television assets under one umbrella.
Sources: Le Monde — International